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What happens with dissociative fugue?
Proprietorships
A business owned and operated by a single individual, where there's no legal distinction between the owner and the business entity.
Corporations
Legal entities formed through a state charter, allowing owners to operate a business while being protected from personal liability beyond their investment.
Amended Returns
The process of revising previously submitted tax returns to correct any errors or include new information.
Loss
The result when an entity's expenses exceed its revenues, leading to a negative net income or deficit in its financial results.
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